STORY OF THE DAY
JLL and CPI begin cooperation on 320,000 sqm of Polish offices

Story of the week

22
Sep
2021

JLL and CPI begin cooperation on 320,000 sqm of Polish offices

by Property Forum
CPI Property Group signed framework agreements with advisory company JLL for comprehensive project management services in 13 office buildings in Warsaw. The total GLA that the cooperation encompasses is approximately 320,000 sqm. The JLL Project & Development Services team will be responsible for the implementation.
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Investment

23
Sep
2021

Cavatina Holding plans public bond issue

by Property Forum
Cavatina Holding, the largest Polish office developer, established a bond issue program worth up to PLN 200 million and submitted a prospectus to the Polish Financial Supervision Authority (UKNF), which, if approved, will form the basis of the issue. Michael/Ström Dom Maklerski has been engaged to organize the issue.
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Echo pushes on with PRS and new office investments Sierra Balmain sells Galeria Malta in Poznań Masterbuild develops €17 million research centre in Craiova

Retail

23
Sep
2021

JTRE opens shopping centre extension in Slovakia

by Property Forum
The first modern regional shopping centre in Prešov, the third biggest city in Slovakia, is opening a second stage on 23 September. JTRE’s expanded EPERIA Shopping Mall will include new fashion brands, restaurants, and a multiplex cinema, with the retail area increasing by 50%.  The shopping centre will provide visitors with a wide range of customer services, more parking spaces, and new indoor and outdoor relaxation zones.
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LCP buys Pasaż Warmiński retail centre C&W Echinox to consult on Bucharest mall extension

Industrial

22
Sep
2021

Panattoni completes 60,000 sqm BTS for Action

by Property Forum
Panattoni is completing a logistics centre for non-food discount chain Action in Bieruń with an area of ​​60,800 sqm, of which more than 58,000 sqm will be warehousing space. The BTS facility, which should be ready in September this year, will improve the company’s logistics processes for southern and central Poland, as well as across Europe. The investment is to be BREEAM certified at the ‘Excellent ‘level.
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HelloParks proceeds with 45,000 sqm project near Budapest IB Cargo and Maersk open logistics centre near Bucharest

Office

22
Sep
2021

Work enviroment in BSS sector changes rapidly

by Property Forum
The COVID-19 pandemic continues to affect our professional and private lives to an unprecedented degree, changing many aspects of the way businesses and public sector services operate. In its latest report "Defining the New. New work models and approaches in the BSS sector" Colliers presents the results of a survey conducted among 76 members of the Association of Business Service Leaders (ABSL) – executives from the BSS sector.
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Torus starts Point office building in Gdańsk Business services occupy 3.5 million sqm of offices in Poland

Residential

22
Sep
2021

Novum Business Invest puts €90 million in Bucharest resi project

by Property Forum
Property developer Novum Business Invest has kicked off the development of a new residential compound in Bucharest with an estimated investment value of more than €90 million. 
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Cordia completes its tallest residential building Students in Romania look for healthier accommodation Hagag completes residential project in central Bucharest

Report

22
Sep
2021

Inflation pressures to ease going into 2022

by Property Forum
The high inflation rate that averages at 5% across Central and Eastern Europe and its impact on the property sector was debated during the financing panel of CEE Property Forum 2021, Property Forum's first real-life event back in Vienna since 2019 which was attended by over 400 people coming from countries all over the region and beyond.
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Major market players in CEE turn to green bonds A developed PRS market is still a long way to go in Hungary Heimstaden Bostad sets new sustainability targets

Career

20
Sep
2021

Cushman & Wakefield announces new CEE regional heads

by Property Forum
Cushman & Wakefield strengthens its management structure in the CEE region. Part of this step is the extension of the roles of some of its professionals, who are newly responsible for the firm’s activities in the whole region. Three experts from Cushman & Wakefield’s Czech office now have such regional roles. Radka Novak has been appointed Head of Office Agency for CEE, Marie Baláčová has been appointed Head of Data & Analytics for CEE and Ondřej Fukal has been appointed Head of Asset Services for CEE.
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Colliers welcomes ten new professionals in Prague Crosspoint Real Estate names new Head of Investment Niro Investment Group names new Head of Hospitality & Development

Hotel

15
Sep
2021

Hotel market in Poland faces major changes

by Property Forum
Katarzyna Tencza, Associate Director Investment & Hospitality at Walter Herz comments on the current situation on the COVID-battered Polish hotel market.
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Radisson Blu Cluj to open in 2022 Sofitel in Wrocław becomes Wyndham CPI Hotels builds new hotel in Brno

Interview

08
Sep
2021

Tenants look at amenities, but the crucial factor is money

by Michał Poręcki
Adrian Biesaga, Board Member and Head of Development of Polish logistics developer LCube talked to Property Forum about the changes forced by pandemic on the warehouse market, the “big box” segment and ecological solutions in construction.
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Arnold Investments plans further expansion in Europe ESG is set to rewrite the rules of real estate financing Prime yields in Belgrade are expected to be under pressure

Economy

09
Jul
2021

Hungary levies 90% tax on construction materials

by Property Forum
The government’s recently announced measures to curb construction material prices were published in the Official Gazette late on Thursday, including the supplementary mining tax, a new type of tax for certain market players.
Read more >
Croatia, Bulgaria and Romania to gain the most from more EU funding Hungary's construction industry surprises with February slump Romania seeks €2.2 billion for building renovations

New leases

  • Uni-logistics, which specializes in sea, rail and air freight forwarding and road transport, has leased 5,825 sqm of warehouse and office space in Panattoni Park Tricity East VI in Poland. Real estate advisory firm Cresa Poland assisted the tenant during negotiations.
  • Anritsu, the leading Japanese company producing high-speed network testing and measuring equipment, has extended its lease of 800 sqm in Globalworth Tower for another 7 years. The office building is located in Bucharest’s business district.
  • Mallson Polska has acquired new chain tenants to the Retail Park in Grodzisk Mazowiecki in Poland - the international DEALZ chain, which is part of the Pepco Group, and the popular TEDi brand. Both stores will occupy over 1,200 sq m GLA in total.

New appointments

  • Paweł Suracki joined Colliers as the Investment Services Director. He will be responsible for managing sales and purchasing processes on behalf of Colliers' clients and for establishing and maintaining relationships with potential and current Colliers' partners in Poland.
  • Avison Young has announced a key change to its directors’ team in Budapest with the arrival of Martina Cifer at the helm of its Office Leasing department. In her new capacity, she shall oversee both the company's Landlord and Tenant Representation divisions.
  • Łukasz Czajkowski joins the team of JLL Poland as Business Services Lead in Tenant Representation Department. He will be responsible for enhancing relations with the BSS sector.

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